For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Thursday Nov 26 2015.
Considering that volume was low on Wednesday ahead of Thursday’s holiday closure in the USA, volume was not all that bad in Toronto.
But as oil pulled back and the mid-morning approached, the TSX made a morning high of 13,481.33 and then commenced a pullback which by the close gave back the entire day’s gain and closed down 4.41 points at $13,403.43.
Much of the decline was caused by the drop in oil but also the continued tensions over Turkey shooting down a Russian jet fighter. The US dollar rallied today which sent most commodities including copper and zinc lower, ending yesterday’s rise in most metal prices.
Added in was the sideways action on the large US stock markets and Toronto basically was “spinning its wheels” and going nowhere……. the rest of the TSX Market Direction Outlook is for FullyInformed Members.
TSX Market Direction Outlook for Nov 26 2015
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